SAGE, the world's No. 3 enterprise software vendor, aims to penetrate the Chinese ERP (enterprise resource planning) market, the United States-based firm said yesterday.

Sage, which provides software for small and medium enterprises, expects to add more than 100 mid-market customers from the existing 1,500 installed base in China in the new fiscal year starting in October, according to Patrick Cai, Sage China's chief executive.

For Sage's flagship X3 alone, the company expects a growth of 47 percent in revenue in the next fiscal year, double the industry-level growth rate, Cai said.

In 2010, China's ERP market revenue is expected to reach more than 5 billion yuan (US$738 million) and it will hit 7 billion yuan in 2013, according to research firm International Data Corp.